FIF has scheduled the next call for the Rule 605 Working Group for Thursday July 28 at 2 pm ET. The agenda for the call will be to review a draft letter to the Director of the SEC’s Division of Trading and Markets Division relating to Rule 605. 

On Thursday August 4, 2022 at 11 am ET, Ignacio Sandoval of the Morgan Lewis law firm will discuss the SEC’s Semi-Annual Regulatory Agenda published in June, including planned rule adoptions, planned rule proposals and proposed long-term actions. The presentation will be focused on rules and proposals relating to trading and markets. FIF will invite members of the Back Office and Front Office Committees and the Compliance Working Group to participate on the call. If you are not a member of any of these Committees or Working Groups and would like to participate on this call, please update...

OTC Options Reporting Working Group. This group held its first call to discuss FINRA Regulatory Notice 22-14, “OTC Options Reporting: FINRA Requests Comment on Proposed Trade Reporting Requirements for Over-The-Counter Options Transactions”. Rule 605 Working Group. The Rule 605 Working Group discussed recent statements by SEC Chair Gensler on the potential expansion of Rule 605 reporting and next steps for FIF. Rule 606 Working Group. The Rule 606 Working Group continued its discussion of Rule 606 reporting of held and not held orders and the SEC’s recent FAQ updates on Rule 606...

The web-based tool gives asset owners with significant allocations to private market assets better control over their liquidity through unified and customized reporting. The new web-based Liquidity Management module offers users a comprehensive view of their portfolio's liquidity based on several factors, including private equity real-time data and expected cash flows as well as complex hedge fund contractual terms and conditions. The tool allows asset owners to monitor and assess their cash flow pacing across private and public markets through a custom time horizon feature, removing the...

Refinitiv announced that it intends to launch forward looking term rate versions of its ARRC recommended fallback rates – USD IBOR Cash Fallbacks – in September 2022. This follows the Alternative Reference Rates Committee’s (ARRC) March 2021 announcement that it had selected Refinitiv to publish its recommended fallback rates for cash products and Refinitiv’s November 2021 announcement that it had released production fallback rates based upon various SOFR conventions. LIBOR is one of the most widely used benchmarks in the world. On March 5, 2021, the Financial Conduct...

BXS, the industry's leading compliance reporting and trading analytics provider, announced the launch of their new Trade Surveillance Platform. BXS built this platform to meet and exceed the expectations of the regulators while also consolidating Alerts, Investigation, and Case Management – into one system -- to meet and exceed the expectations of their clients.  BXS's new Trade Surveillance Platform was built for efficiency. The newly designed dashboard provides an overview of alerts that are most important to the user, with added filtering capability to create a truly bespoke...

Societe Generale - FORGE, a fully integrated subsidiary of Societe Generale, providing issuers and investors with end-to-end services to issue, invest and manage digital-native security tokens registered on public blockchains, has selected METACO, a provider of digital asset management technology and infrastructure, to orchestrate its digital asset custody operations. The partnership enables SG - FORGE to continue setting the agenda on the integration of security tokens into traditional finance, and leverage METACO’s bank-grade digital asset custody and orchestration platform,...

Major fixed income execution platforms Bloomberg, Tradeweb and MarketAxess have confirmed they will be collaborating on how to push through plans for a consolidated tape for fixed income in Europe. According to a story in The Trade news, the three entities have set out plans to apply to become the consolidated tape provider through the public procurement process organized by ESMA. As part of this process, Tradeweb, Bloomberg and MarketAxess are now preparing a competitive request for information process to begin reviewing independent third-party partners that have the potential to...

State Street has partnered with FactSet to streamline data flows across the front, middle and back-office through State Street Alpha’s data platform according to a story in The Trade news. The two companies expect the partnership to provide clients with an improved experience from client portals for equity, fixed income and multi-asset strategies through to custody.  The integration promises greater portfolio analytics for clients, with intra-day updates as trades are executed and allocated in Charles River. Proposed trades in FactSet will transfer to Charles River for compliance...